South Korea Polypropylene Market Size, Share, and COVID-19 Impact Analysis, By Type (Homopolymer, Copolymer), By Process (Injection Molding, Blow Molding, Extrusion, and Others), and South Korea Polypropylene Market Insights, Industry Trend, Forecasts to 2035.

South Korea Polypropylene Market Insights Forecasts to 2035

• The South Korea Polypropylene Market Size was estimated at USD 3723.21 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 2.38% from 2025 to 2035
• The South Korea Polypropylene Market Size is Expected to Reach USD 4824.96 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Polypropylene Market Size is anticipated to reach USD 4824.96 Million by 2035, growing at a CAGR of 2.38% from 2025 to 2035. The increasing developments in polymerization technology, increasing jobs in the packaging sector for producing bottles, containers, and bags, and warehouses, and rising jobs in the manufacture of electric vehicles (EVs) are some of the most important factors influencing the market.

Market Overview

The South Korea polypropylene market is the business sector engaged in polypropylene (PP) production, distribution, and usage, which is a thermoplastic polymer with a wide range of applications due to its lightweight, resilient, and chemical resistance features. Furthermore, currently the growing use of PP in the packaging sector for producing bottles, containers, and bags because of its high chemical resistance and light weight is one of the major drivers contributing to the growth of the market in South Korea. The growing use of polypropylene in automotive production because of its light weight, strength, and low cost is also propelling the growth of the market. Apart from this, increasing technological developments in polymerization are making it possible to produce high-performance polypropylene grades with better mechanical properties and increased heat resistance. These technological advances are expanding the range of PP applications and driving its greater usage in electronics and appliances.

Report Coverage

This research report categorizes the market for the South Korea polypropylene market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea polypropylene market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea polypropylene market.

Driving Factors

South Korea's polypropylene market is driving by burgeoning demand for light, high-durability plastics in electric vehicles and the production of advanced electronics. National innovation in polymer technology and government policies backing green and recyclable plastics raise competitiveness. Moreover, greater use in smart packaging and medical-grade applications is driving growth in niche segments, making the market diverge from traditional global patterns.

Restraining Factors

The South Korea polypropylene market is facing challenges of overcapacity, weakening export demand in the face of regional self-sufficiency, environmental issues regarding plastic waste, and unstable raw material prices affecting production stability and profitability.

Market Segmentation

The South Korea polypropylene market share is classified into type and process.

• The homopolymer segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea polypropylene market is segmented by type into homopolymer and copolymer. Among these, the homopolymer segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Comprising only one monomer, propylene, homopolymer polypropylene is distinguished by its exceptional chemical resistance, stiffness, and high crystallinity. Because of its advantageous mechanical qualities and affordability, it finds extensive use in consumer items, automotive components, and packaging.

• The injection molding segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea polypropylene market is segmented by process into injection molding, blow molding, extrusion, and others. Among these, the injection molding segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. It accommodates a variety of materials, such as various plastics and polymers, which allow manufacturers to choose materials based on certain product needs.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea polypropylene market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• LG Chem
• SABIC
• ExxonMobil
• LyondellBasell
• Lotte Chemical
• HDC Hyundai EP
• Kumho petrochemical
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea polypropylene market based on the below-mentioned segments:

South Korea Polypropylene Market, By Type

• Homopolymer
• Copolymer

South Korea Polypropylene Market, By Process

• Injection Molding
• Blow Molding
• Extrusion
• Others